BSNL Announced Q3FY25 Results: Revenue and EBITDA Rose

The state-owned telecom services provider BSNL has recently released its results for the quarter and nine months ended December 31, 2024. BSNl posted an improvement in financial performance on the back of ongoing efforts by both the management and the Government. These efforts have focused on enhancing the company’s top-line growth through expanding business operations across its verticals, while also managing its bottom-line costs effectively, in alignment with accounting standards.

This consistent trend has been observed over the past few quarters and should be interpreted through a business growth perspective rather than an accounting one. The data provided below outlines BSNL’s growth trajectory over the last three quarters from a business standpoint.

Revenue from Operations

For the quarter ended December 31, 2024, BSNL’s revenue stood at ₹4,969 crore, marking a significant increase from ₹4,546 crore in the same quarter of the previous year (December 31, 2023). The growth across new areas of operation—such as Mobility, FTTH (Fiber to the Home), and Leased Lines—has been notable, with increases of 15%, 18%, and 14%, respectively, over the third quarter of the previous year. This reflects genuine business growth. For the nine months ending December 31, 2024, revenue reached ₹14,197 crore, up from ₹12,905 crore during the corresponding period in the previous year. The same growth trend is expected to continue in the last quarter of the fiscal year 2024-25.

BSNL’s other income for the nine months ending December 31, 2024, was ₹1,406 crore, slightly lower than ₹1,528 crore recorded in the same period of the previous year. However, for the quarter ending December 31, 2024, other income rose to ₹706 crore, up from ₹511 crore in the same quarter of the previous year.

EBITDA

BSNL’s EBITDA for the quarter ending December 31, 2024, surged to ₹1,466 crore, up from ₹316 crore in the same quarter of the previous year. For the nine months ending December 31, 2024, EBITDA totalled ₹2,369 crore, a substantial increase from ₹893 crore in the same period of the previous year. This growth in EBITDA reflects both the top-line increase and cost reduction, indicating improved operational efficiency.

Profit/(Loss)

BSNL reported a profit before tax of ₹262 crore for the quarter ending December 31, 2024, a significant turnaround from a loss of ₹1,569 crore in the same quarter of the previous year. For the nine months ending December 31, 2024, the company’s loss before tax was ₹2,527 crore, compared to ₹4,522 crore in the previous year. Notably, 20 circles became EBITDA-positive during Q3 2024, compared to 12 circles in the December quarter of the previous year.

BSNL Outlook

Looking ahead to the next quarter, BSNL’s priorities remain focused on accelerating the rollout of 4G/5G networks to enhance service quality and network reach, expanding enterprise solutions to unlock new revenue streams, monetizing digital assets to derive value from BSNL’s infrastructure, and optimizing operational expenditures through strategic cost-saving initiatives. With these efforts and ongoing financial discipline, BSNL is confident in its path toward profitability in the coming years, further cementing its position as a competitive and resilient telecom provider that is driving India’s digital transformation.

Conclusion

BSNL has shown remarkable resilience, with increased revenue and improved EBITDA margins. Strategic cost management and operational efficiencies have led to significant improvements in the bottom line. The company’s efforts to optimise operational costs, reduce finance expenses, and lower overall expenditure have paid off. BSNL’s accounting policies remain in line with CPSE standards, and the company has successfully reversed the trend of financial deterioration, with the past three quarters showing consistent improvements. As a result, the net loss has sharply reduced.

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